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Frank Bisignano

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Ex-JPMorgan Executive Joins SSA as Unpaid Advisor to Modernize Social Security
politics5 days ago

Ex-JPMorgan Executive Joins SSA as Unpaid Advisor to Modernize Social Security

Former JPMorgan COO Matt Zames is joining the Trump administration as an unpaid adviser to the Social Security Administration to help modernize the agency, starting at SSA headquarters in Baltimore. He will work with SSA Commissioner Frank Bisignano; Zames brings tech and restructuring experience from JPMorgan and Cerberus, but the SSA faces aging systems and funding concerns that could require future benefit changes. As a special government employee, his role is limited to about 130 days and is not full-time.

Bisignano to lead expanded Trump Accounts rollout, Treasury confirms
policy1 month ago

Bisignano to lead expanded Trump Accounts rollout, Treasury confirms

The Treasury Department says Frank Bisignano will oversee the expanded rollout of Trump Accounts, a tax-advantaged savings program that debuted July 4, while retaining his roles as IRS chief and SSA commissioner. Accounts allow up to $5,000 per year per child into a tax-deferred account, with withdrawals generally allowed at 18 and taxes/penalties for early withdrawals (with some exceptions). The program already has about 6.5 million participating families and includes a one-time $1,000 government contribution for children born 2025–2028 as part of broader access expansion aimed at boosting participation in stock-market gains.

politics5 months ago

IRS Chief Grilled by Lawmakers Over Unprepared Answers at Hearing

During his first appearance before the House Ways and Means Committee, IRS CEO Frank Bisignano faced sharp questions from Rep. Max Miller about tax-season operations and policy issues, including digital-asset taxation and a marriage-penalty deduction. Bisignano offered vague, repetitive answers, prompting Miller to call him unprepared and embarrassingly uninformed, as lawmakers pressed on questions about tax policy and enforcement during peak filing season.

Trump Appoints Fiserv CEO Bisignano to Head Social Security Administration
politics1 year ago

Trump Appoints Fiserv CEO Bisignano to Head Social Security Administration

President-elect Donald Trump has nominated Frank Bisignano, CEO of Fiserv Inc., to lead the Social Security Administration. Bisignano, known for his leadership in transforming large corporations, will continue his role at Fiserv until confirmation. The nomination comes amid concerns about the Social Security trust funds' projected insolvency by 2034. Trump has promised to protect Social Security but has not detailed his plans. Bisignano's political donations have primarily supported Republicans, including significant contributions to Trump's campaign.